Virginia Sports Betting
Mobile/Online Retail
State Market Snapshot
Authorized Operators
Bally Bet bet365 Betr BetMGM BetRivers Caesars Sportsbook DraftKings Fanatics Sportsbook FanDuel Hard Rock Bet Sporttrade theScore Bet Betfred
Market Notes
- Handle and growth: Virginia generated $7.65–$7.8 billion in total sports betting handle for 2025 (strong growth from 2024). The market remains very healthy in 2026 with solid monthly volumes driven by mobile usage, NFL, and college sports.
- Market split: Mobile dominates with 99%+ of handle across 12–13 online skins. Retail accounts for less than 1% at the three casino sportsbooks (Caesars Virginia Danville, Hard Rock Bristol, Rivers Portsmouth).
- Hold and tax: Statewide hold has averaged 9–11% recently. Operators pay 15% tax on adjusted gross revenue. This generated roughly $115–$125 million in state tax revenue for 2025, with the vast majority directed to the general fund (education and infrastructure) and a small portion to problem-gambling programs.
- Regulatory note: The Virginia Lottery oversees the competitive mobile-heavy market. Regulators continue to monitor player prop bets and prediction markets for integrity issues. Responsible gaming efforts remain active, and no major tax or structural changes occurred in early 2026.